Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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OIJIF II Invests in Senco Gold & Diamonds

Oman: Oman India Joint Investment Fund II (OIJIF II) announced that it has invested ~INR 75 crores in Senco Gold Limited, a pan India jewellery retailer based out of Kolkata. Senco Gold operates 127 showrooms across the country. In eastern India it is the largest organised jewellery retail player. Senco has been rated as the 2nd most trusted Jewellery brand in India

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Zim Diamond Sector to Achieve Target of $1 bln

Harare: Zimbabwe’s diamond sector is set to exceed the government target of $1 billion in revenue by 2023, according to a government minister. Mines minister Winston Chitando told a conference of African Diamond Producing Countries that the growth was being driven by the Zimbabwe Consolidated Diamond Company (ZCDC) as well as Anjin and RZM Murowa. He said Zimbabwe was targeting

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GJS Concluded with a Great Success Note

Mumbai: All India Gem and Jewellery Domestic Council (GJC), the apex industry body representing the jewellery sector in India organized its first-ever mega B2B expo “India Gem & Jewellery Show, GJS 2022 which turned out to be a great success. The expo was held from 3rd to 6th April at Jio World Convention Centre – JWCC Mumbai. The four-day event

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Israeli Diamond Industry Continues Growth in Q1

Ramat Gan: The Israeli Diamond Industry (IDI) continued its impressive grown in the first quarter of 2022. The first quarter of 2022 continued the positive trend recorded in the diamond industry over the past year. In Q1 total net imports of rough diamonds to Israel amounted to about $ 494 mn, an increase of 4% compared to the same period

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Kalyan Jewellers Launches Showroom in Dibrugarh

Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at K.C Gogoi Path, Khalimari in Dibrugarh. Actor Genelia Deshmukh inaugurated the showroom, which aims to further strengthen the brand’s presence in the region. The showroom offers an array of exquisite designs from Kalyan Jewellers, featuring popular house brands such as Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery)

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India’s G&J Ind. Bids Farewell to Kobbi Shoshani

Mumbai: Bharat Diamond Bourse ( BDB) & Gem & Jewellery Export Promotion Council (GJEPC) bade a warm farewell to Mr. Kobbi Shoshani, Consul General of Israel. During his tenure, Mr. Shoshani has been more than a diplomat—he has been a true ambassador of friendship. His leadership, vision, and unwavering commitment have strengthened the bonds between Israel and India, creating relationships

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Celebrate Onam with Platinum Jewellery

Mumbai: Onam is a season defined by abundance — of joy, togetherness, and new beginnings. It is a time when choices reflect thoughtfulness, where compromise feels out of place. For jewellery that carries this spirit, platinum stands apart: a metal of unmatched rarity and preciousness, offering value beyond compare through its high purity standards, longevity, modern design language, and uniquely

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Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction

London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam

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